Posted on 07/03/2009 1:39:20 AM PDT by bruinbirdman
Wouldn’t have a thing to do with their idiotic cap and trade system, tho...
Sure wish this headline said “Obama faces permanent loss of output”
“Europe has absolutely no more room for fiscal expansion to combat the crisis.”
Translating - Europe is already overtaxed, so there is no room for further failed Keynesian approaches to the financial crisis that was brought on by socialism and Keynesianism.
The left will campaign on the easier platform of "Its all Capitalism's Fault"
They acknowledge your point right here:
the more heavily regulated environment that is likely to follow can also be expected to have a permanent negative effect on potential growth, e.g. through reduced availability of capital for R&D and innovation activities.”
That nailed it and openly states that they understand it perfectly
The only clear motivation left is control
C&P is all about control
See tagline
In one word, the EU is screwed, look at those debt vs gdp figures, technically, you are bankrupt.
One thing for sure, if the Islamo Fascists want to bring the West to its’ knees in a hurry, now is the time. Obama will do NOTHING but want to talk. I believe we will see a massive and devastating nuclear attack of some kind in the near future.
All of this trouble is created deliberately by The New World Order. The culprits in charge need to be identified and dealt with, or this economic problem is just going to continue and get worse.
Europe is likely to suffer a permanent loss in potential economic output as a result of the global crisis, and government finances will be under pressure for years to come, according to a new European Commission study.You know what will help? Having Obama in the White House. He'll definitely help destroy the European economy, and blame Congress for it.
Destruction and worldwide chaos is his agenda....and it’s working.
Someone finally wrote it up correctly— except I would title it “Obama’s plan for America....”
hh
I have read more than a few articles stating the same/similar facts about the EU &/or member states, like Germany. So, I am curious: why does the Euro remain so high? The same conditions and questions apply to the GB Pound. Japan has been bumping along on the bottom for over a decade, yet the Yen remains high, as well. Can you explain that to the forex-challenged, in lay terms?
No worries — their soon-to-be-permanent Muslim majority will get around to solving that problem in no time. Labor will be needed to demolish Churches, desecrate graveyards, jail people for not wearing headrags, etc.
So basically, all those rules and regulations are coming back to screw them.
Western Europe is in a secularist death-spiral
This is PRECISELY due to TWO factors:
1) Socialism and its dual effects: the reduction of incentive for capitalists to create more wealth for themselves and their kin; and, high payouts to social welfare parasites and pensioners, especially government workers. This environment also inevitably results in a reduction of religious participation and lower birth rate.
2) Radical environmentalists and the crippling of the European economy via regulation and taxation.
Yes, Cap and Trade is part of this problem - and it is right now a very significant part.
When looking at those figures of lower growth by a percent or two, it is CRITICAL TO REALIZE that the difference between the standards of living of the United States and Africa is ONLY 1% PER YEAR DIFFERENCE IN GROWTH over the history of the United States. That 1% compounded over time creates a huge disparity, so be certain to take to heart that the lower growth rates mentioned in this article are meaningful.
>One thing for sure, if the Islamo Fascists want to bring the West to its’ knees in a hurry, now is the time. <
they better hurry of they want a crack at us, Obama is killing us faster than they ever could.
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